Bank Statement Loans

The perfect home loan option for self-employed or retired borrowers.

Loans up to $3 million with a minimum of $150,000
12 or 24 months business or personal bank statements
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Rates are 30-year fixed
Two years self-employed required
Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and non-owner occupied
1099 option available
40-year interest only available
Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third-party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained